
Oscar Medina
Articles
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2 weeks ago |
bloomberg.com | Nicolle Yapur |Oscar Medina
Gustavo Petro(Bloomberg) -- Investors are jumping into longer-dated Colombia bonds, wagering that the market has overshot the risks associated with President Gustavo Petro’s budget woes. The nation’s dollar debt due in 10 years or more rose 2.2% last week, the best performance among similarly rated debt in Latin America. The rally was, in part, aided by a broad tightening of emerging-market bond spreads as investors sought out alternatives to US assets.
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3 weeks ago |
bloomberg.com | Oscar Medina |Andrea Jaramillo
A construction crew works on pillars for the Bogotá metro project Colombia’s capital in July 2024. (Bloomberg) -- President Gustavo Petro brushed off the US bid to block the financing of projects in Colombia being built by Chinese state companies as his administration moved to join a development bank backed by the Asian nation.
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3 weeks ago |
bloomberg.com | Oscar Medina |Andrea Jaramillo
Supporters of Gustavo Petro during a Labor Day rally in Bogota, Colombia on May 1. (Bloomberg) -- Fresh arrests in a sweeping Colombian corruption probe are putting President Gustavo Petro’s marquee pension reform at even greater risk of being quashed by the nation’s top judges.
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1 month ago |
bloomberglinea.com | Oscar Medina |Nicolle Yapur |Jose Cendon
Bloomberg — Los bonos colombianos están teniendo un desempeño inferior al de sus pares, ya que los inversionistas están perdiendo la fe en el ancla fiscal que estabilizó el mercado local durante más de una década. La credibilidad de la “regla fiscal”, que tiene por objeto limitar la capacidad del gobierno para endeudarse, está en entredicho después de que la administración del presidente Gustavo Petro la incumpliera el año pasado.
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2 months ago |
financialpost.com | Nicolle Yapur |Oscar Medina
Now, strategists are recalibrating their bets for a cut at Monday’s meeting with concerns mounting over whether Guevara’s replacement will move to rein in spending ahead of an election year. The market had been expecting policymakers to resume its monetary easing cycle by reducing its benchmark interest rate to 9.25%. The central bank has lowered borrowing costs by 3.75 percentage points since December 2023.
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